An Operating Lease Is Cancelable Because

question 94

Multiple Choice

An operating lease is cancelable because:

• A)The asset is easily broken or damaged
• B)The lessee typically is uncertain about his use needs for the asset
• C)The lessor may need the asset for some other purpose
• D)The lessee is not a good credit risk

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Definitions:

REBT

Rational Emotive Behavior Therapy, a type of cognitive-behavioral therapy that focuses on altering irrational beliefs to change emotional and behavioral reactions.

ABC Model

A cognitive-behavioral framework that outlines the relationship between Antecedents, Behaviors, and Consequences in understanding human behavior.

LFT

Liver function tests, which are blood tests used to assess the health and performance of the liver by measuring levels of liver enzymes, proteins, and bilirubin.

REBT

Rational Emotive Behavior Therapy (REBT) is a form of cognitive-behavioral therapy (CBT) that focuses on identifying irrational beliefs, challenging these beliefs, and replacing them with more rational and adaptive thoughts.